Stock Market Today: GIFT Nifty indicates a bearish start; Adani Enterprises, M&M in Focus

Stock Market Today: The GIFT Nifty on the NSE IX fell 55 points to 22,648, indicating that Dalal Street was likely to have a poor start to the week. After hitting record highs during the session, the S&P 500 and Nasdaq ended the day lower due to a combination of high-flying chip companies that reversed course and a mixed labour market data that showed more new jobs than anticipated along with a growing unemployment rate. Monday's opening of Tokyo equities was down due to losses on Wall Street and a stronger yen relative to the dollar. In early trading, the benchmark Nikkei 225 index down 1.18 percent, or 470.17 points, to 39,218.77, while the Topix index as a whole fell 1.09 percent, or 29.64 points, to 2,697.16.

Stock Market Today: Stocks in focus

Mahindra & Mahindra

Through open market transactions, promoter group company Prudential Management and Services sold 93 lakh equity shares (0.7 percent) in M&M at an average price of Rs 1,912.04 per share, for a total value of Rs 1,778.2 crore.

Adani Enterprises

The Chaudhary Charan Singh International Airport (CCSIA) has officially opened its integrated terminal 3 (T3). An estimated Rs 2,400 crore was spent on building the airport.

Gail

A tripartite Memorandum of Understanding (MoU) was signed by Shell Energy India (SEI), Oil and Natural Gas Corporation (ONGC), and the gas distribution business to investigate the possibility of importing ethane and other hydrocarbons. Additionally, they will look into how the evacuation infrastructure at the Shell Energy Terminal in Hazira has been developed.

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